The Ferrero Group approved the Consolidated Financial Statements as of and for the year ended August 31, 2018 with a turnover of 10.7 billion Euro
Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements of the Group as of and for the year ended August 31, 2018. At that date, Ferrero International S.A. consolidated 94 companies worldwide, with 25 operating manufacturing plants. The Group’s products are present directly or through authorised distributors in over 170 countries.
Besides the global uncertainties and the industry challenges and trends, the Group was able to consolidate and confirm its performance during 2017/2018. The Ferrero Group continued to boost investment in its iconic brands and maintain a high level of operating income as well as strengthen internal R&D activities.
The Group, of which Mr. Giovanni Ferrero is the Executive Chairman and Mr. Lapo Civiletti is the CEO, closed the financial year with a consolidated turnover of 10.7 billion Euro, with an increase of +2.1% compared to the previous year, which reported a consolidated turnover of 10.5 billion Euro.
The sales of finished products increased by 3.5% (6.8% at constant rates) driven principally by Germany, France, Italy, Poland, UK and the USA.
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